UBS, Switzerland's largest bank, has acquired its biggest rival, Credit Suisse, a move seen as a temporary solution to the current financial disruption and potential volatility that it could cause worldwide.
Eurozone equities tumbled more than three percent in value and the euro lost one percent against the dollar following the collapse of Silicon Valley Bank.
China, the world's second-biggest oil consumer, opened its borders on Saturday for the first time in three years, buoying the outlook for its demand for transportation fuels as well as the global economy.
Analysts said the central bank's move met market expectations and they took heart in Powell's statements that implied the central bank could undertake smaller interest rate hikes later in 2022 after two straight super-sized increases.
Wall Street stocks fall and record worst first six months since 1970 amid recession fears and Federal Reserve's bid to curb inflation.
Wall Street tumbles into what's called a bear market after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20 percent below its record set early this year.
Social media giant plans to comply with billionaire Elon Musk's demand for data on fake accounts and bots, US media report.
US and China take steps toward market stability while optimism increases over Russia-Ukraine negotiations, bringing new hope for global market recovery.
Sanctions on Russia have already rattled through international markets, hitting European equities in particular.
US assessments on Russia's invasion of Ukraine pushed crude price benchmarks up close to $100 per barrel, which also negatively affected stocks in Wall Street and the S&P.
Taking cue from Wall Street, which fell 2 percent on Monday, Asian stocks widened their losses amid growing fears that the more transmissible Delta variant would harm the global economic recovery.
Hepsiburada is one of the Turkey's largest e-commerce platform that allows consumers to order items ranging from groceries and essentials to airline tickets with nine million active customers.
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